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November 2, 2007
By: TOM BRANNA
Editor
CHINA: Beiersdorf AG announced that it has, through its Austrian 100% affiliate Beiersdorf CEE Holding GmbH, entered into an agreement with C-Bons Holding (International) Limited, Hong Kong, and Global Source Investments Limited, British Virgin Islands to acquire an 85% stake in C-Bons Hair Care, one of the leading players in the Chinese hair care market. The transaction values C-Bons Hair Care at $3.5 billion on a cash- and debt-free basis. Beiersdorf will, upon closing, pay $3 billion for ...
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